Ally Financial Inc. will now be the preferred financing source for Aston Martin’s North American dealers, Ally announced.
Through the agreement, Ally will offer retail and lease financing to Aston Martin’s US dealership network, and will also offer wholesale financing and remarketing services to U.S. dealers. The agreement extends to all core Aston Martin sports cars, from the agile and sporty V8 and V12 Vantage to the company’s renowned GT cars, as well as the DB9, four-door Rapide S, and flagship Vanquish, according to the release.
This effectively makes Ally the captive for Aston Martin.
The news comes on the heels of the bank’s announcement Monday that Ally will also be the preferred finance source for Mitsubishi Motors North America, Inc. in the U.S., replacing the brand’s captive finance company, Mitsubishi Motors Credit of America, Inc. Ally Chief Executive Jeffrey Brown hinted at the Aston Martin News during the company’s first quarter earnings call Tuesday when asked if there was an “active pipeline” for similar agreements.
“It is opportunistic more than active pipeline. But having said that,I’d say, we’ve got another one that’s imminent,” Brown said during the call. “It’s smaller, but I would help in the next week or so. We’re out with another name we’re bringing in the umbrella.”
Financial packages available from Aston Martin include access to competitive financing rates on 200 mph Aston Martins including the V12 Vantage S, from less than $1,900 per month, and the Rapide S from less than $2,300 per month, according to today’s release.
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